VANCOUVER – The company formerly known as Forbes Medi-Tech Inc. will be distributing nearly $ 2.9 million to its shareholders on Jan. 30 as part of its liquidation and windup.
FMI Holdings Ltd. said Thursday its board has decided to distribute 58.33 cents per share (OTCBB:FMTIF) to shareholders of record as of Jan. 18. The company said it expects that will be the final payout to its shareholders.
The funds are from the sale of the company’s assets to Pharmachem Laboratories.
Forbes Medi-Tech had been a life science company focused on developing cholesterol-lowering ingredients for foods and dietary supplements. Its main product was Reducol before the company ran into financial problems.
Local news from metronews.ca/vancouver
About The Reporter
